Superior Plus Corp. (TSE:SPB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Superior Plus Corp. (TSE:SPB) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$9.53.

SPB has been the topic of several analyst reports. Raymond James Financial reduced their target price on Superior Plus from C$10.50 to C$10.00 and set an “outperform” rating on the stock in a report on Thursday, August 14th. TD Securities increased their target price on Superior Plus from C$8.00 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. BMO Capital Markets increased their target price on Superior Plus from C$8.00 to C$10.00 in a report on Friday, October 10th. Finally, Desjardins reduced their target price on Superior Plus from C$10.50 to C$9.75 and set a “buy” rating on the stock in a report on Wednesday, August 13th.

Superior Plus Trading Down 0.4%

TSE:SPB opened at C$7.96 on Thursday. The stock’s 50 day moving average price is C$7.71 and its 200 day moving average price is C$7.53. Superior Plus has a 52-week low of C$5.15 and a 52-week high of C$8.34. The company has a market capitalization of C$1.77 billion, a PE ratio of 37.90 and a beta of 0.21. The company has a quick ratio of 0.46, a current ratio of 0.67 and a debt-to-equity ratio of 193.35.

Superior Plus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 29th. Superior Plus’s dividend payout ratio (DPR) is presently 109.01%.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline.